Only a handful of all employees and fewer than 60 percent of tipped workers would benefit from proposals to exempt gratuities ...

Trillions of dollars of unrealized capital gains permanently escape taxation, disproportionately benefitting the richest ...

Spending bill fails in the House. Speaker Mike Johnson (R-LA) brought a short-term spending bill to the floor yesterday, but it failed to secure the votes needed for passage. Funding for the federal ...

One of the most common tax complaints I hear from small business owners is about filing their taxes. Paying isn’t their ...

The global minimum tax is yet to have much impact on US companies. A Bloomberg Tax analysis finds only four of the 100 largest US multinational companies thus far have reported material impacts from ...

Maine will issue its first corporate tax transparency report in January. Maine Revenue Services will provide the state legislature with a corporate tax revenue report on Jan. 31, ...

Both Donald Trump and Kamala Harris are promoting a troubling idea: Hyper-targeting tax subsidies to narrowly favored ...

Republican presidential nominee Donald Trump recently proposed cutting the current 21 percent corporate tax rate to 15 ...

Total state government tax revenue collections rose 3.0 percent in nominal terms and 0.6 percent in real terms in the first quarter of 2024 relative to a year earlier Key tax revenue sources showed ...

The federal government collected $7.2 billion from taxes on retirement annuities of railroad workers in fiscal year 2023.

Wyden challenges the Joint Committee on Taxation’s figures on what the ultra-wealthy pay in taxes. Earlier this week, JCT estimated that the top 0.01 percent of taxpayers paid an average federal tax ...

Tax changes to overtime added to Trump’s list of ideas. Republican presidential nominee Donald Trump late last week proposed exempting overtime pay from income tax. This is in addition to his ...